Technology

Bitcoin slide makes monthly loss the biggest in seven years

Bitcoin registered its biggest monthly decline in more than seven years as investors reevaluate the prospects of digital money following last year’s euphoria.

The biggest cryptocurrency dropped 6.1% to $3 930 on Friday, bringing its monthly loss to 37%. That’s the steepest drop since August 2011, when the token tumbled 39% to $8.20. Bitcoin surged to a record $19 511 in December 2017.